Wells Fargo & Company (NYSE:WFC) Shares Sold by Robinson Value Management Ltd.

Robinson Value Management Ltd. lowered its position in shares of Wells Fargo & Company (NYSE:WFC) by 35.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,324 shares of the financial services provider’s stock after selling 36,048 shares during the quarter. Wells Fargo & Company accounts for 3.0% of Robinson Value Management Ltd.’s holdings, making the stock its 4th biggest position. Robinson Value Management Ltd.’s holdings in Wells Fargo & Company were worth $4,588,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new stake in shares of Wells Fargo & Company during the 3rd quarter worth approximately $29,000. Modus Advisors LLC bought a new stake in shares of Wells Fargo & Company during the 4th quarter worth approximately $30,000. Decker Retirement Planning Inc. bought a new stake in shares of Wells Fargo & Company during the 4th quarter worth approximately $32,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Wells Fargo & Company during the 3rd quarter worth approximately $34,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Wells Fargo & Company during the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $80.76 on Friday. The stock’s 50-day simple moving average is $73.89 and its 200 day simple moving average is $65.43. The firm has a market capitalization of $268.89 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 1.22 and a beta of 1.18. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a twelve month low of $47.47 and a twelve month high of $81.50.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.09. The business had revenue of $20.38 billion for the quarter, compared to analyst estimates of $20.58 billion. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. Wells Fargo & Company’s revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. On average, analysts anticipate that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, January 7th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Friday, February 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.74%.

Wall Street Analyst Weigh In

WFC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their price target on Wells Fargo & Company from $81.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Compass Point increased their price target on Wells Fargo & Company from $60.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group increased their price target on Wells Fargo & Company from $72.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Phillip Securities upgraded Wells Fargo & Company from a “neutral” rating to an “accumulate” rating and increased their price target for the company from $60.83 to $65.00 in a research note on Tuesday, October 15th. Finally, Morgan Stanley increased their price target on Wells Fargo & Company from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.39.

Wells Fargo & Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.